Berkshire Hathaway finally started spending its nearly $400 billion in cash — on one stock it knows very well

Berkshire Hathaway finally spent part of its massive cash reserves after more than three years of holding them. The conglomerate announced it spent $31.9 billion in the first quarter, reducing its cash holdings from $397.4 billion to $365.5 billion. The company invested this amount in its own shares.

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